Wow only 6 months and you think you can just buy a truck and live a happy life. Driver PLEASE pay your due's 1st and continue learning this industry or you will get eaten up ALIVE. You are so not ready, because it's so much more to just buying a truck and authority to be successful.
New o/o
Discussion in 'Ask An Owner Operator' started by Newbiedriver, Oct 31, 2018.
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Most of the responses you are seeing are from either O/O's that actually know something or, most likely company drivers who wouldn't risk a nickel. You are going to get many popcorn responses from people like the latter. Many company drivers who are happy with their current situation will post here for no apparent reason. I do not know why they do this but they do.
If you have financing in place that makes sense, a good truck in mind and enough money in your account to cover fuel, food and breakdowns I say go for it, you will either be a success or go broke quick!
The truck you choose is crucial, so you should do much research on that! You should also consider the amount paid for insurance for a new owner/operator, it is substantial as I've recently discovered shopping on my own.
Also, much research should be done on o/o companies willing to lease on a new driver.
You should plan on covering your expenses for a month or more without revenue. Good luck if you have a breakdown!
If you have no business experience whatsoever, this is going to be a very shortlived venture given your limited experience. This experience could also land you in the poorhouse quickly. Seriously consider these things!back street slider, Tb0n3, Newbiedriver and 1 other person Thank this. -
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I would ask you this: show us your numbers. Show us your business plan. You will either produce a solid plan backed by lots of research, experience, and a strong support network, or you will flub some BS answer that clearly shows you are hellbent on proceeding with or without proper preparation, or you will take the responses given here, slow down, and do what is necessary to be properly prepared. I hope you choose the third option. Here’s a hint: don’t do anything with your own money. Build what Robert kiyosaki calls your “three E’s” of experience, education, and excess cash, and I would add “credit” to those, then build a business plan and go get financing from an outside source. If you can get a dealership or bank to loan you money, then you have a good chance of succeeding. Call banks and dealerships and start asking about the requirements. Call Lone Mountain. Talk to people who are leasing from Swift, then talk to people who are leasing/owner operators at other companies. Learn the landscape. Start building business credit now. Open an LLC for some business purpose and obtain a secured business credit card. You can lease from Swift, which I do not recommend, or you could go to Prime, which I do recommend to get early training and experience. They have a good leasing program. Take this thing step by step, one baby step after the other. Grow into it. Yes, it is kind of hard to screw it up if you get into the trucking business in 2018, but it’s not impossible. You still have to know how to operate a business, and you have to make sure you, the business owner, are a good risk. And sooner or later, the market will tank and the economy will turn down, and if you don’t begin with the plan to whether that storm and manage your business as such from the very beginning, you will be on here in a few years telling everybody else how there is no money to be made and Trucking and everybody is trying to push the little guy out, which is always true, but they can’t do it without a lot of help through our own mismanagement. End of rant.
86scotty, Tb0n3 and Newbiedriver Thank this. -
Diesel Dave, 86scotty, Tb0n3 and 1 other person Thank this.
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Great info above ^^^^
And my response above was not trolling or joking. Look up each of these costs. Every one of them is real, most yearly and insurance is by and large the biggest. It will kill you. I'm 45 with 25 yrs. CLEAN AND SAFE experience in a 2015 tractor and trailer and my insurance is $1800/mo.kenn2632 and csmith1281 Thank this. -
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Sometimes it's like, "eeny meeny miny moe."...csmith1281 Thanks this. -
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I currently run about 6 loads a month for a broker that Swift Transportation filters the loads through downstream. They are easy peasy and pay me $950 on 300 miles.
My original comment to the op was meant more of a tease and play along, because my sense is he's just another bored trucker who decided to post a thread to get a rise out of folks.blairandgretchen Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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